Wall Street analysts are expecting BlackBerry to report a loss for its fiscal second quarter of approximately $39.2 million dollars, or 7 cents a share.
On a consensus basis, Wall Street sell-side analysts have a mean target price of $9.539. This number is based on the mean estimate from the 19 research firms that recently issued reports on the company.
BlackBerry sold a mere 1.1 million handsets in the three month period ending in May, and had $3.32 billion in cash.
Subtracting the company’s cash, BlackBerry’s operations are valued by investors at only 55 cents a share or $291.5 million.
Insider Sandeep Chennakeshu sold 100,980 shares of BlackBerry stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$7.41, for a total value of C$748,494.05.
The company last reported earnings for the period ending on 2015-05-31 of $-0.05 for the most recent quarter.
Stock is currently at $7.14 at the time of publishing.
